Welcome to our dedicated page for Cisco Sys news (Ticker: CSCO), a resource for investors and traders seeking the latest updates and insights on Cisco Sys stock.
Cisco Systems, Inc. (NASDAQ: CSCO) regularly issues news and updates that highlight its role as a worldwide technology leader in networking, security, collaboration and observability, with a strong emphasis on the AI era. The CSCO news feed on Stock Titan aggregates these announcements so readers can follow how the company presents its strategy, technology developments and corporate actions over time.
Recent Cisco news releases focus heavily on artificial intelligence and digital infrastructure. Cisco has announced an AI Summit that brings together leaders involved in building the AI economy, reflecting its interest in AI’s impact on compute, infrastructure, design, the workforce and geopolitics. The company also reports on collaborations and investments across the AI landscape, such as its investment in spatial intelligence startup World Labs and a planned joint venture with AMD and HUMAIN to deliver large-scale AI infrastructure.
Cisco’s news also covers cybersecurity and digital resilience, including updates from Splunk, a Cisco company that focuses on security information and event management and security analytics. Additional releases discuss research on AI adoption and digital well-being conducted with the Organisation for Economic Cooperation and Development, highlighting generational and geographic divides in AI usage and the importance of digital skills and well-being.
Investors and followers of CSCO can use this news page to review Cisco’s earnings announcements, participation in financial conferences, annual meeting information, partnerships, research initiatives and product or infrastructure-related updates. By reading Cisco’s own disclosures in one place, users can better understand how the company describes its position in networking, security and AI, and how those themes evolve across time.
The 2020 Small Business Digital Maturity Study, commissioned by Cisco, reveals that small businesses could contribute $2.3 trillion to global GDP by 2024, driven by digitalization efforts accelerated by the COVID-19 pandemic. Approximately 70% of businesses are enhancing digital capabilities to navigate changes and improve revenue resilience. The study indicates that small businesses in North America and Western Europe are more digitally advanced, with only 25% achieving the highest maturity stage. Key challenges include cashflow issues and a skills shortage, underscoring the necessity of technology adoption for survival.
Cisco announced its participation in several financial community conferences in September 2020. The events include the Citi 2020 Global Technology Conference on September 10, featuring Jonathan Davidson, and the JP Morgan U.S. All Stars Conference on September 16, with Wendy Mars. Webcasts for sessions can be accessed via Cisco's Investor Relations website. This engagement showcases Cisco's ongoing commitment to transparency and investor relations amidst its leadership in Internet technology.
Cisco announced its intent to acquire BabbleLabs, enhancing its Webex platform with advanced AI-driven noise removal and speech enhancement technology. This acquisition aims to improve video meeting experiences by minimizing distractions from background noise, thus promoting user productivity. The integration will uphold Cisco's commitment to customer privacy and security by processing noise removal at the source. The deal is expected to close in Q1 of Cisco's FY21, pending regulatory approvals. Cisco's Collaboration platform is trusted by 95% of the Fortune 500.
On August 19, 2020, Cisco announced a multi-year partnership with Riot Games, becoming the Official Enterprise Networking Partner for League of Legends Esports. This collaboration aims to enhance network performance by 200% during the 2020 World Championships and facilitate the construction of Remote Broadcast Centers (RBCs) globally. Cisco's technology will support competitive integrity and improve gameplay performance, enabling pro players to achieve sub-1ms ping. The initiative is expected to boost the esports broadcasting experience for fans worldwide.
Cisco reported Q4 FY 2020 results with revenue of $12.2 billion, a 9% decline year over year. Net income on a GAAP basis was $2.6 billion with GAAP EPS at $0.62, a 22% increase from the previous year. However, non-GAAP EPS decreased 4% to $0.80. For the fiscal year, total revenue was $49.3 billion, a 5% decrease, with GAAP EPS growing 1% year over year. Looking ahead, guidance for Q1 FY 2021 indicates a revenue decline of 9% to 11% year over year, with EPS expected between $0.41 to $0.47.
Cisco (NASDAQ: CSCO) has completed the acquisition of ThousandEyes, enhancing its internet and cloud intelligence capabilities. This strategic move allows Cisco to provide customers with comprehensive visibility into network and application performance over the internet and cloud. ThousandEyes' platform enables organizations to identify and address deficiencies in their digital application delivery. Cisco plans to integrate these capabilities across its Enterprise Networking, Cloud, and AppDynamics portfolios to improve overall service delivery.
Cisco has announced a conference call on August 12, 2020, at 1:30 PM (PT) to discuss its Q4 and FY2020 financial results, ending July 25, 2020. The financial results will be released after the market closes. Investors can access the call via telephone or online at Cisco's Investor Relations website. A telephone playback will be available from 4:00 PM (PT) on August 12 through August 19. Cisco continues to lead in technology for a global and inclusive future.
Cisco Systems (NASDAQ: CSCO) and Acacia Communications (NASDAQ: ACIA) announced ongoing communication with China's State Administration for Market Regulation (SAMR) regarding the regulatory review of their pending acquisition. Cisco remains optimistic about receiving clearance, which is the final regulatory hurdle, having already secured approvals in the U.S., Germany, and Austria. The closing of the acquisition is anticipated shortly after regulatory conditions are met, with both companies expressing excitement about the growth opportunities this merger will bring.
Cisco has released a new report titled "A New Perspective on the Modern Workplace," which shares key insights for IT leaders adapting to the evolving work environment post-pandemic. Conducted by Freeform Dynamics, the survey reveals that 74% of businesses believe they will emerge stronger from the crisis. The report highlights six critical lessons learned, emphasizing the importance of flexibility, employee well-being, and inclusivity in the workplace. Almost half of respondents expect flexible working hours to persist, and 87% of managers have prioritized employee well-being, indicating a significant cultural shift.
Cisco has been recognized by Frost & Sullivan with the 2020 Global Market Leadership Award for its significant dominance in the Network Access Control (NAC) market, holding a 33.4% market share as of 2019. The company's NAC revenue growth surpassed the overall market, indicating strong performance. Cisco's ongoing commitment to integrating customer needs with a flexible NAC architecture and strategic acquisitions, including Duo Security, has bolstered its leadership. The company aims to enhance its zero-trust security model and is expanding its offerings across various industries, including IoT and healthcare.
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